Gambling.com Group Limited (NASDAQ:GAMB) Receives $16.00 Consensus Price Target from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $16.00.

Several brokerages have recently issued reports on GAMB. Truist Financial lowered Gambling.com Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $17.00 to $11.00 in a report on Friday, August 15th. Stifel Nicolaus reduced their price objective on shares of Gambling.com Group from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Wall Street Zen lowered shares of Gambling.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings raised shares of Gambling.com Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, BTIG Research reduced their price objective on shares of Gambling.com Group from $19.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, August 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GAMB. Summit Trail Advisors LLC bought a new position in shares of Gambling.com Group in the 1st quarter valued at approximately $177,000. Massachusetts Financial Services Co. MA bought a new position in shares of Gambling.com Group in the 1st quarter valued at approximately $554,000. Wakefield Asset Management LLLP raised its stake in shares of Gambling.com Group by 6.4% in the 1st quarter. Wakefield Asset Management LLLP now owns 74,508 shares of the company’s stock valued at $940,000 after acquiring an additional 4,454 shares in the last quarter. Bastion Asset Management Inc. bought a new position in shares of Gambling.com Group in the 1st quarter valued at approximately $833,000. Finally, J. Safra Sarasin Holding AG raised its stake in shares of Gambling.com Group by 7.5% in the 1st quarter. J. Safra Sarasin Holding AG now owns 36,900 shares of the company’s stock valued at $466,000 after acquiring an additional 2,590 shares in the last quarter. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Trading Down 4.3%

Shares of NASDAQ GAMB opened at $7.52 on Thursday. Gambling.com Group has a one year low of $7.51 and a one year high of $17.14. The firm has a market capitalization of $268.56 million, a PE ratio of 18.80 and a beta of 0.87. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $8.63 and a two-hundred day moving average price of $10.88.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.25. The business had revenue of $39.59 million during the quarter, compared to analyst estimates of $38.93 million. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, analysts predict that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

About Gambling.com Group

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.